According to BlockBeats on June 20, Serenity published a post saying that many investment views face intense skepticism when they are first introduced. The post stated that the more original an investment idea is, the more likely it is to create disagreement in the market. Before a thesis is tested by results, criticism and opposition can dominate the discussion around it.
The AXTI Thesis and the Reddit WSB Ban
Serenity highlighted the investment judgment around AXTI as one example. The thesis once drew strong opposition and even led to Serenity being banned from the Reddit WSB forum. At that time, the market widely viewed the company as a “questionable concept company,” and the investment logic behind the call was not broadly accepted.
Serenity said that later developments gradually supported the company’s real competitive position. Reuters, industry earnings reports and research from multiple institutions were cited as sources that helped validate AXTI’s standing. In Serenity’s view, this case shows that early controversy does not by itself disprove an investment thesis.
Other Cases Cited by Serenity
Beyond AXTI, Serenity also listed AAOI, LITE, RKLB, HOOD, IQE, SOI, NBIS$, NTC, MRVL, AEHR and EWY as additional examples. Serenity said these investment ideas encountered market skepticism at different stages, but were later validated to varying degrees through fundamentals or market performance.
The post concluded that, over the long term, the market is the final arbiter of whether an investment view is right or wrong. As each thesis is gradually tested by outcomes, early negative voices fade, while price action and business performance become the decisive standards for judgment.